California AB417 revises notice and hearing requirements for community revitalization authorities.

California AB417 revises the formation process for community revitalization and investment authorities. It consolidates and streamlines the notice and hearing requirements for these authorities. The bill requires the public financing authority to consider adoption of a community revitalization plan at two public hearings, with at least 30 days between them. It also mandates that notices of these hearings be posted on the authority's website and mailed to landowners and affected taxing entities. If a majority of landowners and residents protest, the authority must terminate proceedings.

California AB417 revises notice and hearing requirements for community revitalization authorities.

California AB417 revises the formation process for community revitalization and investment authorities. It consolidates and streamlines the notice and hearing requirements for these authorities. The bill requires the public financing authority to consider adoption of a community revitalization plan at two public hearings, with at least 30 days between them. It also mandates that notices of these hearings be posted on the authority's website and mailed to landowners and affected taxing entities. If a majority of landowners and residents protest, the authority must terminate proceedings.